Oct 3 (Reuters) - The fourth quarter got off to a weak start for U.S. stock investors on Monday, with banks and utilities pulling the S&P 500 lower.

Major indexes have bounced between gains and losses in the past few days, with investors nervous about the outcome of a tight race for the White House ahead of the Nov. 8 election.

Major banks extended recent declines as investors worried about the stability of Deutsche Bank and also Wells Fargo & Co’s handling of sales abuses.

U.S-listed shares of Deutsche lost 2.3 percent as hopes faded of a swift deal with U.S. authorities over a multi-billion dollar penalty for mis-selling mortgage-backed securities.

“The feeling is there will be a negotiation lowering that penalty but it’s certainly a bit of an overhang on the overall market,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

Cabela’s surged 14.9 percent after the retailer said it would be acquired by Bass Pro Shops in a deal valued at about $5.5 billion.

Declining issues outnumbered advancing ones on the NYSE by a 1.44-to-1 ratio; on Nasdaq, a 1.49-to-1 ratio favored decliners.

The S&P 500 posted 10 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 64 new highs and 25 new lows. (Additional reporting by Yashaswini Swamynathan in Bengaluru; Editing by Frances Kerry)